The World Bank released its annual World Development Report (WDR) 2016 -“Digital Dividends” which focuses on the economic development of the world in context of information and communication technologies(ICT) and Internet.
The report highlights on two section
1. Digital Technologies and it development
2. Digital Dividends process
The 2016 World Development Report shows that while the digital revolution has forged ahead, its “analog complements”—the regulations that promote entry and competition, the skills that enable workers to access and then leverage the new economy, and the institutions that are accountable to citizens—have not kept pace. And when these analog complements to digital investments are absent, the development impact can be disappointing.
The report examines how the Internet can be a force for development, especially for the poor in developing countries. While the report documents many profound and transformational effects of digital technology, it finds that the broader benefits have fallen short and are unevenly distributed.
The report argues that to ensure that everyone benefits, technology adoption will not be enough.
Countries will need to address the “analogue components”, for example by strengthening regulations enabling firms to connect and compete, adapting worker’s skills to the demands of the new economy, and ensuring that institutions are accountable.
The World Bank’s World Development Report, published annually since 1978, it is an invaluable guide to the economic, social, and environmental state of the world today. Each report provides in-depth analysis and policy recommendations on a specific and important aspect of development—from agriculture, the role of the state, transition economies, and labor to infrastructure, health, the environment, and poverty. Through the quality and timeliness of the information it provides, the report has become a highly influential publication that is used by many multilateral and bilateral international organizations, national governments, scholars, civil society networks and groups, and other global thought leaders to support their decision-making processes. This corporate flagship undergoes extensive internal and external review and is one of the key outputs of the World Bank’s Development Economics unit.
